Brazil's oil exports reached 11.7 million tons in September, a record high and up 42.2% year-on-year.

智通财经2026/10/06 21:46

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According to statistics released by the Brazilian government on Tuesday, the country's oil exports reached a historic peak in September 2024, totaling 11.7 million tonnes. Domestic oil production increased and robust global market demand jointly drove up the export shipping volume for the month. The September export shipment volume has already surpassed the previous monthly record of 11 million tonnes set in March 2023. Compared with the same period last year, oil exports in September rose by 42.2%, and export revenues surged by 77.3%, reaching approximately $6.5 billion. This remarkable export performance was the result of record high Brazilian oil production and rising international market demand. Recent conflicts between the US and Israel and Iran have created pressure on global oil circulation; if shipping through the crucial Strait of Hormuz is disrupted, crude oil prices may soar. Meanwhile, Brazil’s oil production is benefiting from continuous expansion and development of its pre-salt oil fields, particularly the sustained capacity releases from the Buzios and Mero blocks in the Santos Basin, providing a solid supply foundation for export growth.

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The Brazilian government released statistical data on Tuesday showing that in September 2024, the country's oil exports reached a record high, totaling 11.7 million tonnes. The increase in domestic oil production capacity combined with strong global market demand jointly drove up the export shipment scale for the month. The export volume in September surpassed the previous monthly record of 11 million tonnes set in March 2023. Compared to the same period last year, oil exports in September increased by 42.2%, with revenue from oil exports rising sharply by 77.3% to approximately $6.5 billion.This exceptional export performance is the result of both record-high oil production in Brazil and increased international market demand. Recent conflicts between the United States and Israel against Iran have already put pressure on global oil flows. The Strait of Hormuz, as a crucial oil shipping channel worldwide, could push up crude prices in the event of a shipping disruption. Meanwhile, Brazil’s oil production is benefitting from the continued development and expansion of pre-salt oilfields, particularly in the Búzios and Mero fields in the Santos Basin, whose increasing capacity provides a solid foundation for export growth.

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智通财经•2026/10/09 05:06